Blundell's up for sal
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GREATER Manches Councy Council is consider disposing of its option purchase a controlling intel in the Blundell coach grout The move follows the C servative victory in local e tions last year. Lead members of the party arg that Greater Manches Transport exists to run pu transport and the holiday; leisure field should be left private enterprise.
When GMT took the opt some 21/2 years ago, Blund( profits were in the regior £300,000. They are now lieved to be around £1m GMT do not get a share u the take-over is complete( 1981. It was anticipated t the profits would then heli subsidise stage carriage train fares.
A bid of around £2 mil has reportedly been made I private company for the tion on the group, which c sists of Smith's Tours (Wig Ltd, Blundell's Coac (Southport) Ltd, HappiN Tours (Manchester) I Stanley Spencer's To (Manchester) Ltd, Web Brothers (Wigan) I Lawrenson's Travel Ltd, Igreaves Coaches (Bolton) and Smith's Atalanta Trl Ltd. A fleet of around coaches is operated and group also owns a chair hotels.
No cash changed ha when GMT acquired the in est because the deal invo regular payments out of p its to shareholders.
There are no plans to pose of GMT's other coact interests, the Godfrey Ab' Group at Sale, Warburt(